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HomeMy WebLinkAboutCC ORD 1948-746 Employees' retirement system contract (Special)746 ORDINANCE NO. 746 AN ORDINANCE OF THE CITY OF NATIONAL CITY, CALIFORNIA, AUTHORIZING A CONTRACT BEMEN CITY COUNCIL OF NATIONAL CITY, AND THE BOARD OF ADMINISTRATION, CALIFORNIA STATE EMPLOYEES' RE- TIREENT SYSTEM, PROVIDING FOR THE PARTICIPATION OF SAID PUBLIC AGENCY IN SAID STATE EMPLOYEES' RETIREMENT SYSTEM, MAKING ITS EM- PLOYEES MEMBERS OF SAID SYSTEM. The people of the City of National City, DOES ORDAIN AS FOLLCAS: SECTION 1. That a contract is hereby authorized between the City Council of National City, and the Board of Administration, California State Employees' Retirement System, a copy of said contract being attached hereto marked exhibit "A", and by such reference made a part here- of as though herein set out in full. SECTION 2. The Mayor of the City of National City, is hereby authorized, empowered and directed to execute for and on behalf of said City of National City. SECTION 3. This ordinance shall take effect ten (10) days after the date of its adoption, by the people of the City of National City, California. 746 EXHIBIT "A" STATE EMPLOYEES' RETIREMENT SYSTEM Sacramento 14, California CONTRACT between CITY COUNCIL OF CITY OF NATIONAL CITY and the BOARD OF ADMINISTRATION of the CALIFORNIA STATE EMPLOYEES' RETIREMENT SYSTEM THIS AGREEMENT made this day of , 194 by and between the Legislative Body of CITY OF NATIONAL CITY hereafter referred to as "Public Agency", and the Board of Administration, California State Employees' Retirement System, hereafter referred to as "Board" WITNESSETH: In consideration of the covenants and agreements herein- after contained and on the part of both parties to be kept and performed, Public Agency and Board hereby agree as follows: 1. Public Agency is to participate in the State Em- ployees' Retirement System, subject to the provisions of the State Employees' Retirement Law. 2. Public Agency shall participate in said Retirement System, making its employees members of said System, from and after February 1, 1948. 3. Employees of Public Agency in the following classes shall become members of said Retirement System in acoordance with the provisions of said Retirement Law, governing member- ship in s aid retirement System, and subject to the further exclusions from membership in the next following sentence. -1- 746 NUMBER OF EMPLOYEES ELIGIBLE FOR MEMBERSHIP CLASSES OF EMPLOYEES 0n February 1, 1948 a. Local Firemen as defined in the State Employees' Retirement Law b. Local Policemen, as defined in the State Employees' Retirement Law c. County Peace Officers, as de- fined in the State Employees' Retirement Law d. Employees other than Local Firemen, Local Policemen, and County Peace Officers . . . . 12 . . . . 20 . . . 0 . . . . 36 In addition to -the employees excluded from membership by said Retirement Law, the following employees shall not become members of the Retirement System: NO ADDITIONAL EXCLUSIONS Board and Public Agency agree that, except as provided in paragraph 11, no adjustment shall be made in the amount of con- tributions provided in paragraph lla on account of prior service, or in the percentage provided in paragraph lib, because of varia- tionsin the numbers of employees who become'members of said Re- tirement System on the effective date hereof, from the number listed above, due to termination of service by such causes as death, resignation or discharge, or the employment of individuals not included in said number. 4. Age 60 shall be the normal minimum age for retirement for service, of miscellaneous members employed by public agency, that is, members other than Local Firemen and Local Policemen, and 1/60 shall be the fraction of final compensation, as de- fined in said Retirement Law, to -be provided on the average, for each year of service as a member, by the members' and Public Agency's normal contributions, upon retirement at said minimum age. 5. Benefits on account of prior service, that is, service credited hereunder as rendered to Public Agency prior to the effective date of participation, to respective members employed by Public Agency as Local -Firemen or Local Policemen, shall be allowed only as a percentage of the average salary specified in said Retirement Law, for each year of such service, and said percentage shall be 100 per cent of the fraction of final -compensation, as defined in the State Employees' Retirement Law, for each year of service rendered after s aid date, as determined for said respective -2- 746 members under said law, for retirement for service at age 55; or upon qualification for service retirement at a higher age. If a member retires for service before attaining age 55, his prior service pension shall be reduced to that amount which the value of the pension as deferred to age 55 will purchase at the actual age of retirement. 6. .Prior service benefits to miscellaneous members em- ployed by Public Agency, that is, members other than Local oiremen and Local Policemen, upon retirement for service at the normal minimum age entered in paragraph--4 hereof, shall be al- lowed only as a percentage of the average salary specified in said Retirement Law, for each year of such service, and said percentage shall be 100 per cent of 1'60. If a member re- tires for service before attaining the normal minimum age in item 4, his prior service pension shall be reduced to that amount which the value of the pension as deferred to said min- imum age will purchase at the actual age of retirement. 7. If the fraction stated in the preceding paragraph is one -sixtieth, the provisions of Section 21251.1 of the State Employees' Retirement Law, providing for a guaranteed percent- age of final compensation for each year of current service as a member SHALL NOT apply to employees of Public Agency who become members of said Retirement System. 8. The provisions of Section 21258b of the State Em- ployees' Retirement Law, guaranteeing a minimum retirement allowance under certain conditions SHALL apply to employees of Public "gency who become members of said Retirement System. 9. The provisions of Section 21367.5 of the State Em- ployees' Ketirement Law, providing a $300. death benefit after retirement SHALL apply to employees of Public Agency who become members of said Retirement System. 10. The provisions of Section 20025 of the State Employees' Retirement Law, providing for the portion of compensation which shall be included in computations under the Retirement Law SHALL apply to employees of Public Agency who become members of said Retirement System. 11. Public Agency shall contribute to said Retirement System as follows: a. The sum of $6,281.98 per annum, payable in equal monthly or less frequent installments as Board shall require, for a period of 25 years, on account of the liability for benefits based on ser- vice rendered to Public Agency prior to the effective date hereof. b. 10.626 per cent of total salaries paid by Public Agency each month to its employees who are members of said Retirement System, provided that only salary earned as members of said System shall be included in said total salaries, and the employees who are members of said System shall include employees who become mem- bers upon the effective date hereof and employees who become mem- bers thereafter. -3- 746 o. A reasonable amount per annum, as fixed by Board, payable in equal monthly or -less frequent in- stallments, as -Qoard shall require, to cover the costs of administering' said System as it affects the employees of Public Agency, not including the costs of special valuations or of the periodical investigation and valua- tion required by law, provided that said amount shall be ned on the basis of the number of employees of Public c gency who are members on July 1st of the respect- ive fiscal years, or with respect to the first year of participation, on the effective date of said participation, d. A reasonable amount as fixed by the Board, pay- able in one installment from time to time as the occasions arise, to cover the costs if special valuations on account of employees of Public Agency, and the costs of the periodi- cal investigation into the experience unders aid Retirement System, as it affects said employees, and the valuation of the assets and'liabilities of said System on account of said employees. Contributions required of Public Agency and its em- ployees shall be subject to adjustment by the Board of Ad- ministration on account of amendments to the State Employees' Retirement Law,'and on account of experience under the Re- tirement System, as determined by the periodical investiga- tion, valuation and determination provided for by said Re- tirement Law. 12. Contributions required of Public Agency under paragraph 11 immediately preceding, and contributions re- quired of Public Agency's employees who are members of said System, shall be paid by Public Agency to the State Em- ployees' Retirement System within thirty days after the end of the month or longer period to whichsaid contributions refer. If more or less than the correct amount of contribu- tion required of Public Agency or its employees is paid for any period, proper adjustment shall be made in connection with subsequent remittances of Public Agency to the Board' to rectify the errors; or such adjustments on account of errors made in contributions required of employees, may be made by direct cash payments between"the employee in con- nection with whom the error was made, and Board. Payments of Public Agency to Board may be made in the form'of war- rants, -bank checks, bank drafts, certified checks, money orders, or cash. WITNESS OUR HANDS the day and year first above written. ATTEST: ATTEST: CITY COUNCIL of Name of Legislative Body CITY OF NATIONAL CITY Ulerk Name o Public Agency By 1residfrig -Officer BOARD OF ADMINISTRATION STATE EMPLOYEES' RETIREMENT SYSTEM By Executive Officer President, Board of Administra- tion. -4-